Section 450.2523 - Quorum; vote constituting action of board or committee; amendment of bylaws. - Michigan Statutes

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Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-5 > Section-450-2523

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2523 Quorum; vote constituting action of board or committee; amendment of bylaws.

Sec. 523.

A majority of the members of the board then in office, or of the members of a committee thereof, constitutes a quorum for the transaction of business, provided that the articles of incorporation or bylaws may provide for a larger number, and provided further that in any corporation where there are more than 7 directors, the articles of incorporation or bylaws may provide that less than a majority, but in no event less than 1/3 of the directors, may constitute a quorum of the board. The vote of the majority of members present at a meeting at which a quorum is present constitutes the action of the board or of the committee, unless the vote of a larger number is required by this act, the articles, or the bylaws. Amendment of the bylaws by the board requires the vote of not less than a majority of the members of the board then in office.

History: 1982, Act 162, Eff. Jan. 1, 1983

State Codes and Statutes

Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-5 > Section-450-2523

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2523 Quorum; vote constituting action of board or committee; amendment of bylaws.

Sec. 523.

A majority of the members of the board then in office, or of the members of a committee thereof, constitutes a quorum for the transaction of business, provided that the articles of incorporation or bylaws may provide for a larger number, and provided further that in any corporation where there are more than 7 directors, the articles of incorporation or bylaws may provide that less than a majority, but in no event less than 1/3 of the directors, may constitute a quorum of the board. The vote of the majority of members present at a meeting at which a quorum is present constitutes the action of the board or of the committee, unless the vote of a larger number is required by this act, the articles, or the bylaws. Amendment of the bylaws by the board requires the vote of not less than a majority of the members of the board then in office.

History: 1982, Act 162, Eff. Jan. 1, 1983

State Codes and Statutes

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State Codes and Statutes

Statutes > Michigan > Chapter-450 > Act-162-of-1982 > 162-1982-5 > Section-450-2523

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982

450.2523 Quorum; vote constituting action of board or committee; amendment of bylaws.

Sec. 523.

A majority of the members of the board then in office, or of the members of a committee thereof, constitutes a quorum for the transaction of business, provided that the articles of incorporation or bylaws may provide for a larger number, and provided further that in any corporation where there are more than 7 directors, the articles of incorporation or bylaws may provide that less than a majority, but in no event less than 1/3 of the directors, may constitute a quorum of the board. The vote of the majority of members present at a meeting at which a quorum is present constitutes the action of the board or of the committee, unless the vote of a larger number is required by this act, the articles, or the bylaws. Amendment of the bylaws by the board requires the vote of not less than a majority of the members of the board then in office.

History: 1982, Act 162, Eff. Jan. 1, 1983